Robinhood’s new blockchain is already moving serious volume. The Robinhood Chain, which launched its public mainnet on July 1, is processing roughly 1.7 million transactions per day, powered by between 49,200 and 50,000 daily active users.

What Robinhood actually built

Robinhood Chain is a permissionless Ethereum Layer-2 built on the Arbitrum Dedicated Blockchains framework. Block times clock in at approximately 100 milliseconds. Data blob security is handled through Ethereum, and the chain uses a first-come-first-served transaction sequencing model. ETH serves as the sole native gas token. There is no dedicated chain token.

The testnet, which went live on February 10, processed 4 million transactions in its first week. The mainnet is processing 1.7 million daily transactions shortly after launch.

Tokenized stocks meet DeFi

Robinhood Chain supports Stock Tokens, which represent equity in publicly traded companies. These tokens can be traded around the clock and used as collateral in DeFi protocols. The chain supports tokenized versions of equities including NVIDIA, Google, and Apple, though availability varies by jurisdiction.

Key integrations include Uniswap for decentralized exchange functionality, Chainlink for oracle services, and Alchemy for developer infrastructure. Additional partners include Pleiades, BitGo, 1inch, and Morpho.

The adoption playbook

Robinhood is covering gas fees for eligible Robinhood Wallet users for the first 90 days after mainnet launch. Robinhood Chain aims to make tokenized asset access available in over 120 countries, subject to local regulatory compliance.

What this means for investors

HOOD shares climbed 4-8% following the announcements surrounding the new chain. Coinbase has Base. Now Robinhood has its own chain.

The metric to watch is whether daily active users hold steady or climb once the free gas period expires.